Award

Research Services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

24 Feb 2025 at 14:05

Summary of the contracting process

The Bank of England has awarded a contract for research services under the industry category CPV 73110000. The direct award process concluded with the selection of NMG Financial Services Consulting Ltd as the supplier. This contract, valued at £230,000, will cover multiple regions across the United Kingdom including England, North East, North West, and others. The procurement stage is complete, with the contract period starting on 1 January 2025 and ending on 31 December 2026. The award was made active on 3 December 2024 and published on 24 February 2025.

This tender presents significant opportunities for businesses specialising in research services, particularly those that are small and medium-sized enterprises (SMEs). Such businesses can benefit from the outlined contract by leveraging their expertise to deliver quality research outputs. The regions covered by this contract indicate a broad geographic scope, offering businesses in those areas a chance to expand their market presence and contribute to high-stakes research initiatives driven by a prestigious institution like the Bank of England.

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Notice Title

Research Services

Notice Description

Research services

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-280ae454-3f41-4a9c-9144-ad0dda619020
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/21141fca-6633-43e8-a769-d1ad3251c689
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - Direct Award
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services


CPV Codes

73110000 - Research services

Notice Value(s)

Tender Value
£230,000 £100K-£500K
Lots Value
Not specified
Awards Value
£230,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
24 Feb 202512 months ago
Submission Deadline
2 Dec 2024Expired
Future Notice Date
Not specified
Award Date
3 Dec 20241 years ago
Contract Period
1 Jan 2025 - 31 Dec 2026 1-2 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
BANK OF ENGLAND
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
EC2R 8AH
Post Town
Central London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLC North East (England), TLD North West (England), TLE Yorkshire and The Humber, TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLI London, TLJ South East (England), TLK South West (England)

Local Authority
City of London
Electoral Ward
Walbrook
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

NMG FINANCIAL SERVICES CONSULTING

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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